St. Louis Trust Co buys $1.3 Million stake in Zimmer Biomet Holdings Inc (ZBH)

Zimmer Biomet Holdings Inc (ZBH) : St. Louis Trust Co scooped up 2,498 additional shares in Zimmer Biomet Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 10,788 shares of Zimmer Biomet Holdings Inc which is valued at $1.3 Million.Zimmer Biomet Holdings Inc makes up approximately 0.69% of St. Louis Trust Co’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in ZBH by selling 24 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 24,377 shares of ZBH which is valued at $2.9 Million. Zimmer Biomet Holdings Inc makes up approx 0.02% of Atlantic Trust Group’s portfolio. Schroder Investment Management Group sold out all of its stake in ZBH during the most recent quarter. The investment firm sold 5,318 shares of ZBH which is valued $624,546.

Zimmer Biomet Holdings Inc opened for trading at $117.48 and hit $119.99 on the upside on Monday, eventually ending the session at $119.6, with a gain of 1.84% or 2.16 points. The heightened volatility saw the trading volume jump to 15,45,862 shares. Company has a market cap of $23,829 M.

On the company’s financial health, Zimmer Biomet Holdings Inc reported $2.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.93. The company had revenue of $1904.00 million for the quarter, compared to analysts expectations of $1878.31 million. The company’s revenue was up 67.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.

Many Wall Street Analysts have commented on Zimmer Biomet Holdings Inc. Company shares were Reiterated by Barclays on Apr 29, 2016 to “Overweight”, Firm has raised the Price Target to $ 135 from a previous price target of $130 .Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 132 from a previous price target of $120 .Zimmer Biomet Holdings Inc was Initiated by Nomura to “Buy” on Mar 17, 2016.

Zimmer Biomet Holdings Inc. formerly Zimmer Holdings Inc. is a musculoskeletal healthcare company. The Company designs manufactures and markets orthopedic reconstructive products; sports medicine biologics extremities and trauma products; spine bone healing craniomaxillofacial and thoracic products; dental implants and related surgical products. The Company manages its operations through three geographic segments: the Americas comprising principally of the United States and includes other North Central and South American markets; Europe comprising principally of Europe and includes the Middle East and African markets; and Asia Pacific comprising primarily of Japan and includes other Asian and Pacific markets. The Company markets and sells products through three channels: direct to healthcare institutions such as hospitals or direct channel accounts; through stocking distributors and healthcare dealers and directly to dental practices and dental laboratories.

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